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Why are farmers getting attracted to livestock insurance?

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global ime

Tanahun. The livestock insurance program has been implemented in Tanahun with the objective of reducing the risk of livestock and protecting livestock farmers from possible financial loss.

According to the Veterinary Hospital and Livestock Service Office, Tanahun, more than 261,TAG_OPEN_div_44 000 livestock and aquatic animals including cows, buffaloes, goats, pigs, chickens, fish and horses and mules have been insured in the district.

According to Rudra Singh Thakuri, an animal health technician at the office, the total number of insured livestock and fish is 2,61,112. Chickens are the highest in the list of insured livestock. This is followed by fish, goats, cows, buffaloes, pigs and horses and mules.TAG_OPEN_div_42

According to Thakuri, the insured price of cows, buffaloes, horses, mules, goats, pigs, chickens and fish has reached Rs 68,93,428. The total premium for the insurance of these livestock is Rs 3,22,93,890 while the amount paid by the farmers is Rs 64,50,779.TAG_OPEN_div_40

According to Thakuri, 1,52,147 chickens have been insured in the district. The insured price of the chicken is Rs 10,45,90,681. For this, the farmers have paid Rs 6,01,027 out of the premium fee of Rs 30,05,133.TAG_OPEN_div_38

Similarly, 98,TAG_OPEN_div_36 500 fish have been insured. The insured price of fish is Rs 25,24,000 and out of the premium fee of Rs 75,720, the farmers have paid Rs 15,144.

4,091 cows have been insured in Tanahun. The insured value of these cows is Rs 30,96,52,52,000. According to the office, the premium charge for the insurance of cows is Rs 1,56,69,494 and the share of the farmers is Rs 31,33,800.

Similarly, 1,970 buffaloes have been insured. The insured price of the buffaloes is Rs 15,17,14,000. The farmers have paid Rs 15,TAG_OPEN_div_32 09,079 against the premium charges charged for the same.

A total of 3,412 goats have been insured in the district. The insured price of the goats is Rs 6,83,74,747. The premium charge for insurance is Rs 34,48,709 and the share of farmers is Rs 6,78,742.TAG_OPEN_div_30

Similarly, 989 pigs have been insured. The insured price of pigs is Rs 5,18,81,000, according to the office. For this, the farmers have paid Rs 5,05,088 out of the Rs 25,29,438 premium charged.TAG_OPEN_div_28

Apart from this, three horses and mules have been insured in the district. Their insured value is six lakhs. The premium fee for horses and mules is Rs 30,000 and the farmer’s share is Rs 6,000.TAG_OPEN_div_26

Livestock insurance will prepare the basis for providing financial relief to the farmers in case of loss of livestock due to diseases, accidents and other insurance policies included in the insurance policy, Thakuri said. He said that the insurance is especially useful for farmers involved in cattle, buffaloes, chicken, pig and fisheries.

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